The domestic price for steel rebar in Brazil - which had not moved in three months - fell on Friday August 13 amid mill discounts, confirming lingering signs of a downturn.In Brazil, rebar supply recovered in 2021, and scrap prices started being cut. The global scenario lent headwinds to the Brazilian rebar price, with a downturn seen particularly in Turkey.Brazil-based steelmakers often follow in...Read More
Indian domestic secondary steel billet prices edged up in the second half of the week on consistent buying by finished product producers, market participants told Fastmarkets on Friday August 13. Fastmarkets' price assessment for steel billet domestic, ex-works India, was up by 200 rupees ($3) per tonneat 43,200-43,400 rupees ($582-585) per tonne on Friday compared with last week's 43,000-43,200 r...Read More
The global market cap for cryptocurrencies reached an almighty $1.84 trillion this week - an incredible feat.To put this into scale, the global telecommunications market - 5G tech and all that jazz - is only valued at $1.74 trillion, the global food market is valued a bit more at $5 trillion, and the value of the ENTIRE U.S. stock market is $98 trillion.In the short time they have existed, cryptoc...Read More
The domestic market for steel wire rod in Poland remained quiet in the week to Friday August 13, with trading activity subdued and prices broadly flat, sources told Fastmarkets on Friday.Even though trading was seasonally softer over the past week, steel wire rod prices in Poland were seen as largely unchanged, Fastmarkets heard."Trading is weaker compared to July, but there is no relief for price...Read More
Here are five Fastmarkets stories you might have missed on Friday August 13 that are worth another look.Extended waiting times and bottlenecks at major Chinese ports have resulted in lower demand for imports of steel billet and higher freight costs for such shipments this week, sources told Fastmarkets...Read More
The export price for pig iron from the south of Brazil was firm during the week to Friday August 13 because suppliers have full order books after agreeing sales to the United States.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $540-545 per tonne on Friday, widening upward from $540-542 per...Read More
The light iron scrap market in the United Kingdom dropped by ?5 ($7) per tonne at the top end of its price range over the week to Friday August 13 due to the seasonal summer slowdown and weaker monthly domestic delivery settlements, sources told Fastmarkets.A drop in prices at UK dockside markets, a major influence on domestic prices, has also weighed on the light iron market, sources said.Fastma...Read More
Here are five Fastmarkets stories you might have missed on Friday August 13 that are worth another look.Extended waiting times and bottlenecks at major Chinese ports have resulted in lower demand for imports of steel billet and higher freight costs for such shipments this week, sources told Fastmarkets...Read More
Export prices for Brazil-origin slab fell in the week ended on Friday August 13, with buyers resisting current offer levels to get better deals.Buyers and sellers continued to negotiate for October-shipment batches, with many re-rollers in the US willing to purchase material, but placing bids at $900 per tonne fob and below. On the other hand, sellers were trying to maintain prices from previous d...Read More
On August 15, 1971, President Richard Nixon suspended the convertibility of the U.S. dollar into gold, effectively ending the Bretton Woods Agreement that had been put in place in the mid-1940s, following WWII to stabilize the postwar economy. Host Ed Coyne is joined by Jim Grant, founder and editor of Grant's Interest Rate Observer, to look back at this significant event in monetary history. In t...Read More
Global macro analyst Marc Faber foresees increasing government intervention resulting in inflation, currency debasement, slowing economic growth, financial crisis and loss of freedoms. These concerns are rooted in his prodigious study of failed monetary and political regimes throughout history. Are you worried about the future? If so, I can pretty much guarantee you that no matter how concerned yo...Read More
Don't miss the first episode of our new monthly podcast: The Scoop - digging into the market with Kam Hesari. Kam's first guest in none other than investment guru Jim Rogers.Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two r...Read More
When everything (except infrastructure) is considered "infrastructure," politicians are basically saying that they're going to take your money, and they can make up any excuse that they want to do so. The role of government must be seriously reconsidered. We have deviated extremely far from the American government's original role of protecting individual liberty and keeping the peace.Dr. Ron Paul...Read More
Demand for cargoes of steel billet has been low in key Southeast Asian markets over the past week with prices rangebound, sources told Fastmarkets on Friday August 13."The Southeast Asian markets are dead, there are no bids from Thailand, which has now become a billet exporter, and there is a very strict lockdown in the Philippines," a South Asian billet trader said."Philippine demand is in really...Read More
North Korean Defector Yeonmi Park exposes tyranny, China, Communism, and American Socialism. She explains what is really happening in the world, sharing her incredible story.Please Order her book: In Order to Live: A North Korean Girl's Journey to FreedomRead More
Jim Rickards explained in his five links that Australia is in 'double trouble'. I thought we should explore the ideas and arguments he presented a little further. And so, here's our discussion on Australia's future under the spectres of both COVID and China...1. The mandates just won't stop. The goal is 100% vaccination - or isolation.2. After COVID waves come the property eviction waves. More hea...Read More
Glenn Greenwald joins Tucker Carlson to discuss his move to Rumble, the free speech alternative to YouTube. pic.twitter.com/UM8KbhRzu0- The Post Millennial (@TPostMillennial) August 13, 2021 Glenn Greenwald is a journalist, constitutional lawyer, and author of four New York Times best-selling books on politics and law. His most recent book, "No Place to Hide," is about the U.S. surveillance state...Read More
0:00 Intro1:07 End of manipulation6:05 Silver demand8:00 Demand without manipulation9:56 What is manipulation?17:30 Credit card borrowing19:10 Inflation21:00 PrepareSince the first #SilverSqueeze, the silver market has been held under $28, says silver expert David Morgan. With respect to the manipulation of the silver market, he says, "I think we're pretty close to an ending." David Morgan is a wo...Read More
0:00 - Intro0:19 - Understanding this week's gold price washout3:06 - Where investors are looking instead of gold6:15 - What would bring precious metals to life?9:16 - Upside potential for gold in 202113:35 - Silver rangebound, needs conviction15:05 - Chris' portfolio and market areas he likes19:27 - Details on URLYstart program22:09 - Outro August has been a challenging month for the gold price....Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More